#2 - Dick’s Sporting Goods (NYSE:DKS)
I’ll admit to a little double-dipping on this one. Dick’s Sporting Goods (NYSE:DKS) is not pure-play on outdoor living. Case in point, one of the catalysts for DKS stock in the past year has been the re-opening of youth sports.
But, Dick’s Sporting Goods is also a one-stop location for many of the clothing, equipment, and gear that individuals will use for their outdoor pursuits. And as the pandemic showed, Dick’s has built out its digital capabilities which is helping the company compete with Amazon (NASDAQ:AMZN) and other e-commerce retailers.
At the time of this writing, DKS stock is trading for nearly double its pre-pandemic level. However, the company is also delivering revenue and earnings that are well above pre-pandemic levels as well. With a price-to-earnings (P/E) ratio of right around 7 and a dividend with a yield that is comparable to its sector peers, Dick’s Sporting Goods looks like a compelling buy at this point.
About DICK'S Sporting Goods
Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.
- Current Price
- $224.70
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $248.09 (10.4% Upside)
